Goodwill and Other Identifiable Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

Acquired Intangible Assets

As of December 31, 2013 and 2012, the Company had the following acquired intangible assets:

	December 31, 2013						December 31, 2012
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Intangible assets subject to amortization:
Databases	$	15,925,000	$	12,102,685	$	3,822,315	$	12,525,000	$	11,954,630	$	570,370
Customer relationships	37,304,000		15,125,076		22,178,924		26,904,000		13,089,055		13,814,945
Non-compete agreements	3,603,000		3,406,334		196,666		3,403,000		3,296,333		106,667
	$	56,832,000	$	30,634,095	$	26,197,905	$	42,832,000	$	28,340,018	$	14,491,982
Intangible assets not subject to amortization:
Goodwill					$	77,265,907					$	62,712,109
Trade Names					42,301,331						48,701,331
					$	119,567,238					$	111,413,440

Estimated Annual Amortization Expense

As of December 31, 2013, estimated annual amortization expense for continuing operations is as follows:

Year Ending December 31:
2014	$	3,063,146
2015	2,906,222
2016	2,906,222
2017	2,861,481
2018	2,776,667
Thereafter	11,684,167
	$	26,197,905

Changes in Carrying Amount of Goodwill by Segment

The changes in the carrying amount of goodwill by segment are as follows:

	Nurse and Allied Staffing Segment			Physician Staffing Segment		Other Human Capital Management Services Segment		Total
Balances as of December 31, 2012
Aggregate goodwill acquired	$	259,732,408		$	43,405,047	$	19,307,062	$	322,444,517
Accumulated impairment loss (a)	(259,732,408		)	—		—		(259,732,408		)
Goodwill, net of impairment loss	—			43,405,047		19,307,062		62,712,109
Changes to aggregate goodwill in 2013
Goodwill acquired (b)	14,553,798			—		—		14,553,798
Balances as of December 31, 2013
Aggregate goodwill acquired	274,286,206			43,405,047		19,307,062		336,998,315
Accumulated impairment loss	(259,732,408		)	—		—		(259,732,408		)
Goodwill, net of impairment loss	$	14,553,798		$	43,405,047	$	19,307,062	$	77,265,907

_______________

(a) A non-cash pretax impairment charge of approximately $241,000,000 was recorded to reduce the carrying value of goodwill to its estimated fair value in the fourth quarter of 2008 for its nurse and allied staffing business segment. The majority of the goodwill impairment was attributable to the Company’s initial capitalization in 1999, which was accounted for as an asset purchase (see Note 1 – Organization and Basis of Presentation), and subsequent nurse staffing acquisitions made through 2003. In addition, in the second quarter of 2012, a non-cash pretax impairment charge of approximately $18,732,000 was recorded for the Company’s nurse and allied staffing reporting unit. See impairment review disclosures that follow.

(b) Goodwill acquired from the acquisition of On Assignment's allied health business. See Note 5 - Acquisitions.